Steven Chu, Obama's energy secretary, has called for higher and higher gas prices to force citizens to buy more fuel-efficient vehicles and live closer to work. "Somehow, we have to figure out how to boost the price of gasoline to the levels in Europe," Mr. Chu was quoted as promising. By the way, Mr. Chu's goal would equate to $7-$8 per gallon. Sure enough, the Obama administration has slowed down or stopped the future development of most of the vast U.S. energy reserves, onshore, offshore and in Alaska. That is despite the fact that the United States' oil shale deposits,...